Salad and Go

736 North Hewitt Drive, Hewitt, TX 76643

$1,548,000

Cap Rate 5.75%

Views: 81 DOM: 248 Updated: 07.16.24 Posted: 11.22.23 Status: Active

Summary

Price $1,548,000	Built/Renov 2023	Tenant Salad and Go
Cap Rate 5.75%	Lease Type Abs NNN	Guarantor Corporate
Size/SF 827	Lease Start 11-01-2023	#Units 100
Price/SF $1,871.83	Expiration 11-01-2043	Tenant Type Fast Food/QSR
NOI $89,000	R. Term 19.3	Ownership Leased Fee
Rent/SF $107.62	Increases 10.0%/5/yrs	Pop 5Mi 94,548
Lot/AC 0.54	Options 3/5yrs/10%	AHHI 5Mi $98,412

Lease Highlights

Brand-new 2023 construction
Salad & Go recently signed a brand-new 20-year lease with 3 (5-year) options to extend
Lease features 10% rental increase every 5 years throughout the initial term and at the start of each option
Absolute NNN | Zero landlord responsibilities
Corporate guaranteed lease

Location Description

Salad and Go is strategically located near the signalized, hard corner intersection of Hewitt Dr and Imperial Dr, with a combined daily traffic count of 46,600 vehicles. The property is located just west of Central Texas Marketplace, a shopping mall with major national tenants including Kohl’s, HomeGoods, and more. Furthermore, the site is within close proximity to multiple national/credit...

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Key Features

New construction
Near major nationals
WalMart out-parcel
Highway close
Strong demographics
Major MSA
Income tax free state
Brand new lease
Absolute NNN
Corporate Guarantee

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Links

Salad and Go Wikipedia Salad and Go Wikipedia Hewitt, Texas Zip Code 76643 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Salad and Go
Guarantor:Corporate
Company:And Go Concepts, LLC
# Units:100
Stock:Private

About Tenant

Founded in 2013 in Gilbert AZ, Salad and Go is a gourmet salad drive-thru restaurant chain located throughout the Phoenix Valley. The chain’s mission is to make ready-to-eat food available and...

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Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	7,864	43,638	90,312
2023 Total Population :	7,706	42,845	87,350
2023 Employed Civilian Pop :	4,025	21,829	43,372
2023 Total Businesses :	254	1,955	4,104
2023 Average Household Income :	$ 104,150	$ 108,095	$ 99,716
2023 Total Consumer Spending :	$ 245 M	$ 1505 M	$ 2922 M
2023 Median Age :	42	41	40
2023 Total Households :	2,720	16,233	33,965
2023 Pop Age 25+: Bachelor's Degree :	1,454	9,421	14,725
2023 Average Home Value :	$ 230,585	$ 269,042	$ 260,621

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
Hewitt Dr	Royal Dr	2010	27,540	0.02 mi
Pantherway	Hewitt Dr	2010	3,140	0.11 mi
Pantherway	Hewitt Dr	2010	7,420	0.14 mi
Regal Dr	Hewitt Dr	2010	1,650	0.17 mi
Woodgate Dr	Pantherway	2010	2,410	0.30 mi
Pantherway	Ruidoso Dr	2010	6,560	0.47 mi
Lisa Dr	Hewitt Dr	2002	23,000	0.50 mi
Van American Dr	Meadow Mountain Dr	2010	2,380	0.56 mi
Woodgate Dr	Van American Dr	2010	5,760	0.72 mi
North Hewitt Drive	Laredo Dr	2020	25,529	0.80 mi

Listing Broker

Patrick Luther

SRS National Net Lease Group

Contact

360 Listings
26370 Views
142 Sold

Matthew Mousavi

SRS National Net Lease Group

Contact

314 Listings
23907 Views
117 Sold

Patrick Luther

Patrick joined SRS in 2016 with more than 10 years of transactional brokerage experience in the commercial real estate industry and over $1 billion in closed transactions, representing over 300 individual properties. Along with Matthew Mousavi, Patrick co-founded and leads the National Net Lease Group at SRS, the exclusive net lease capital markets platform within SRS, comprised of more than 75 professionals handling all net lease transactions for the firm nationally. He focuses on all types of

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Matthew Mousavi

Matthew is the managing principal and co-founder of the SRS National Net Lease Group, based in Newport Beach, California. SRS’ is the exclusive net lease investment advisory platform across more than 25 offices nationally. SRS is the largest retail estate firm in North America exclusively focused on retail services, of which Matthew is a member of the board. The firm has a track record spanning over 30 years and billions in transaction volume, and represents over 400 retailers throughout the co

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